5 Stocks to Invest in According to Thomas Bancroft’s Makaira Partners

2. Bath & Body Works, Inc. (NYSE:BBWI)

Makaira Partners’ Holdings: $85 million

Makaira Partners’ Portfolio: 17.96%

Number of Hedge Fund Holders: 56

Bath & Body Works, Inc. (NYSE:BBWI) is an American retailer of body care, home fragrance, and sanitizers. It operates its own stores and franchises all over the globe.

Makaira Partners held an $85 million stake in Bath & Body Works, Inc. (NYSE:BBWI) through owning 1.3 million shares by Q3 2021 end. This made up 17.96% of the firm’s portfolio. During the same time period, 56 of the 867 hedge funds polled by Insider Monkey had invested in the company.

For its Q3, Bath & Body Works, Inc. (NYSE:BBWI) beat analyst estimates for revenue and GAAP EPS by posting $1.68 billion and $0.66 in the metrics, respectively. Morgan Stanley raised its price target to $90 in a November 2021 analyst note, sharing that the company had met or exceeded targets for six consecutive quarters after the Q3 earnings report.